was i right in selling?

Hi Guys

Even though I sold out at $4.50, I still watch BCI every day.
(Once a BCI fan, always a BCI fan...)

Now the LAST thing I want to do is to downramp BCI (especially as I am no longer a holder) but as HC is an open discussion forum I thought I would ask the question:

Was I right in selling at $4.50?

Perhaps not - seeing that BCI is around $5.20 but what has changed? The mine life is still 7 years and even if you have a dividend of 50c per year that only translates into $3.50 (7 x 50c)

With BHP increasing IO production and the 55M ton per year Roy Hill expected to start 2015/16 will the IO price stay where it is?

If the SP increase is due to investors hoping to cash in on a good divie this year but get out again before the IO price softens then I believe I made the right decision.

Was I right in selling or have a missed something? I am always happy to learn.

(For the record, I am still happy with my decision to sell but sad that I am no longer "part of the family"...)